Portable Fire Extinguisher Market Expected To Grow at Significant Rate During the Forecast Period 2021-2025

Portable Fire Extinguisher Market Expected To
Grow at Significant Rate During the Forecast
Period 2021-2025
“Rising number of casualties is a key factor propelling the demand for such extinguishers in
commercial and residential premises. Governments are majorly focusing on strict measures to ensure
safety, which is expected to have a positive impact on the growth of the market.”
The global Portable Fire Extinguishers Market size is projected to touch USD 16 billion by 2025, according to a new
report by Million Insights. It is anticipated to grow at 10.2% CAGR through the forecast period of 2019 to 2025.
Demand for extinguishers that are lightweight is growing amongst the consumers. Rising number of casualties is a
key factor propelling the demand for such extinguishers in commercial and residential premises. Governments are
majorly focusing on strict measures to ensure safety, which is expected to have a positive impact on the growth of
the market. Increasing awareness about property protection and safety amongst consumers is propelling the demand
of the product. Increasing demand for compact extinguishers in automobiles is also uplifting the product demand.
According to the National Fire Protection Association (NFPA), there was property damage of USD 13.6 billion and
3,390 civilians succumbed to death because of fire incidents in 2016. The Independent Fire Engineering and
Distributors Association (IFEDA) and Fire Extinguishing Trades Association (FETA) conducted a study showing the
effectiveness of portable extinguishers in 2,100 fire cases in U.K. and came know that in 80% of the cases the flame
was extinguished successfully and in 75% of those cases the concerned department was not required to attend.
Manufacturers are concentrating on introducing these products on the basis of class A,B and C fire types.
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Dry chemical dominated the portable fire extinguisher market in 2018. It is the most commonly used extinguisher
because of its ability to douse class A,B and C types. They are comparatively priced at a low rate and are versatile in
nature that makes them highly adoptable. It is expected to grow at the fastest CAGR in the forecast duration.
CO2extinguishers are anticipated to witness considerable growth in the forecast period. Increasing use of these

extinguishers in the commercial sector along with its high effectiveness on class B and K types of fire, is promoting
its market growth.
The demand for the product is growing in the residential sector owing to the increasing number of casualties and
property damages and increasing safety concerns amongst the consumers. According to the National Fire
Protection Association (NFPA), cooking equipment followed by smoking materials are the main reasons for home
structure fire during 2012-2016.
Further key findings from the report suggest:
• The non-residential application segment dominated the market in 2018 with the largest market share and is
expected to continue with its lead in the forecast period because of the developing industrial and commercial
segments and stringent measures for safety by the government.
• Asia Pacific dominated the market in 2018 because of rising number of infrastructure projects, rising construction
activities and fire safety codes.
• Middle East and Africa was the fastest growing market in 2018 because of growing hospitality sector, recovering
oil prices, revised life safety codes and government initiatives
• Major players functioning in the market include Amerex Corporation; Hochiki Corporation; Activar Inc.; Flamestop
Australia Pty. Ltd.; Britannia Fire Ltd.; FeuerschutzJockelGmbh& Co. Kg; Ceasefire Industries Pvt. Ltd. and Hatsuta
Seisakusho Co., Ltd.
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Million Insights has segmented the global portable fire extinguishers market on the basis of product type,
application and region:
Portable Fire Extinguishers Product Type Outlook (Revenue, USD Million, 2015 - 2025)
• Dry Chemical
• Carbon Dioxide
• Water
• Foam
• Others
Portable Fire Extinguishers Application Outlook (Revenue, USD Million, 2015 - 2025)

• Residential
• Non-residential
Portable Fire Extinguishers Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
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